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There's talk about the Government giving every taxpaying American a check for $800 in order to stimulate the economy. My reckoning is that in most cases, the money will be used to pay off debt -- credit cards, home equity loans, etc. -- instead of making new purchases.

On an unrelated note, I don't think Dr. Phil should have blabbed about Britney's condition. Just because one is a celebrity doesn't mean they lose their right to privacy.

The untax and spend

Date: 2008-01-19 06:47 am (UTC)
From: [identity profile] yourmommma.livejournal.com
I think you are completely right. Just because people get $800 from the government, it isn't going to make them feel "RICH!" enough to spend it. In fact, just the idea that Bush would give private citizens a tax break suggests what a terrible state the economy is really in, LOL.

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